Question 1

What is Primer Presidente Ltda.?

Accepted Answer

Primer Presidente Ltda. is a multiactivity savings and credit cooperative (Cooperativa Multiactiva de Ahorro y Crédito, Servicios, Consumo y Producción - C.M.A.C.S.Con.P.) operating in Paraguay. As a multiactivity cooperative, the institution combines financial services with social and community development objectives, serving its members through a mutual aid structure typical of Paraguay's cooperative sector.

The cooperative operates under the regulatory oversight of the Instituto Nacional de Cooperativismo (INCOOP), Paraguay's national cooperative authority responsible for supervising and regulating all cooperative entities in the country.

Question 2

When was Primer Presidente Ltda. founded?

Accepted Answer

[Information not publicly available]

Specific founding details including the establishment date, original founders, and the cooperative's early history are not publicly documented in available sources.

Question 3

Where is Primer Presidente Ltda. headquartered?

Accepted Answer

[Information not publicly available]

The specific headquarters location and regional offices of Primer Presidente Ltda. within Paraguay are not publicly documented in available sources.

Question 4

Where does Primer Presidente Ltda. operate?

Accepted Answer

Primer Presidente Ltda. operates within Paraguay, serving its members in the communities where its offices are located. Like most Paraguayan cooperatives, it likely focuses on serving local communities within specific regions of the country, though detailed geographic coverage information is not publicly available.

Paraguay's cooperative sector is characterized by community-based financial institutions that provide accessible services to populations often underserved by traditional banking systems.

Question 5

What services does Primer Presidente Ltda. offer?

Accepted Answer

As a multiactivity cooperative (C.M.A.C.S.Con.P.), Primer Presidente Ltda. offers a range of financial and social services to its members, including:

Financial Services:
• Savings accounts (ahorros) for members
• Credit facilities and loans for various purposes
• Member capital contributions and deposits

Additional Services:
• Consumer services (consumo)
• Production support services (producción)
• General cooperative services for member welfare

The cooperative operates on the principle that members are both owners and users of the institution, with services designed to improve their economic and social well-being. All services are provided exclusively to cooperative members (socios), following the traditional cooperative model in Paraguay.

Question 6

What makes Primer Presidente Ltda. unique?

Accepted Answer

Primer Presidente Ltda. operates within Paraguay's distinctive cooperative sector, which differs significantly from traditional banking in several ways:

Cooperative Structure: Members are simultaneously owners and users of the institution, participating in democratic governance through assemblies rather than shareholder control.

Regulatory Environment: The cooperative is supervised by INCOOP rather than the banking superintendent, operating under cooperative law framework specific to Paraguay. In 2024, INCOOP implemented Resolution 30150/2024 establishing new typification and sectorization standards for cooperatives.

Mutual Aid Philosophy: Unlike profit-driven banks, the cooperative emphasizes mutual assistance and community development, with surplus funds (excedentes) distributed among members or reinvested in the cooperative rather than paid as dividends to external shareholders.

Social Mission: Beyond financial services, the institution aims to foster education, solidarity, and economic improvement for its member-owners.

Question 7

What type of financial institution is Primer Presidente Ltda.?

Accepted Answer

Primer Presidente Ltda. is a Cooperativa Multiactiva de Ahorro y Crédito (Multiactivity Savings and Credit Cooperative), classified as Type A under INCOOP's categorization system.

In Paraguay, cooperatives are distinct from banks and are regulated separately under cooperative law. This institutional type is characterized by:

Cooperative Ownership: Members collectively own and control the institution through democratic participation, with each member having one vote regardless of their capital contribution.

Non-Profit Structure: While cooperatives seek financial sustainability, they operate on a non-profit basis, focusing on serving member needs rather than maximizing profits.

Regulatory Framework: Supervised by INCOOP under Law 2157, Paraguay's cooperative law, rather than the banking superintendent. This includes specific requirements for capital reserves, member contributions, and operational standards.

Multiactivity Classification: The "multiactiva" designation indicates the cooperative provides multiple types of services beyond just savings and credit, including consumption, production, and general services to members.

Unlike banks, cooperatives in Paraguay do not have deposit insurance through a government guarantee fund, with member protection relying on the cooperative's own reserves and INCOOP supervision.

Primer Presidente Ltda.

in Paraguay 🇵🇾

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About Primer Presidente Ltda. in Paraguay